General Journal

Date Account Title and Explanation Ref. Debit Credit

10/01/19 Merchandise Inventory ₱ 1,800
Accounts Payable ₱ 1,800
2/10, n/30, FOB Destination

10/03/19 Accounts Receivable 2,000

Sales 2,000
Sales on account
Cost of Goods Sold 1,200
Merchandise Inventory 1,200
Cost of sales

10/09/19 Accounts Payable 1,800

Merchandise Inventory 36
Cash 1,764
#

10/12/19 Cash 1,980

Sales Discount 20
Accounts Receivable 2,000
#

7/17 Accounts Receivable 1,800

Sales 1,800
Sales on account
Cost of Goods Sold 1,080
Merchandise Inventory 1,080
Cost of Sales

10/18/19 Merchandise Inventory 1,950

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 Accounts Payable 1,950
#
Merchandise Inventory 125
Cash 125
Paid freight

10/20/19 Accounts Payable 300

Merchandise Inventory 300
#

10/21/19 Cash 1,780

Sales Discount 18
Accounts Receivable 1,800
#

10/22/19 Accounts Receivable 2,250

Sales 2,250
#
Cost of Goods Sold 1,350
Merchandise Inventory 1,350
#

7/30 Accounts Payable 1,600

Cash 1,600
#

10/31/19 Sales Return & Allowances 200

Accounts Receivable 200
#
Merchandise Inventory 120
Cost of Goods Sold 120

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#

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